The following governmental notices that may be of interest to our members and the trade. Among the items reported this week: APHIS’ Notice addressing the new CITES Requirements for Rosewoods to Take Effect January 2, 2017; CBP’s Rules regarding the Importations of Certain Vehicles and Engines Subject to Federal Antipollution Emission Standards,…
KATE SPADE SAID TO BE LOOKING FOR AN ACQUIRER
After years of speculation, it seems there might finally be some truth behind the rumors that Kate Spade is looking to be acquired. Some fair indicators are that the company is now working with an investment bank to find potential backers and its share…
SEARS ACQUIRES LETTER OF CREDIT WORTH $200M
Sears is putting up a good fight in the middle of tough times. After recent reports of hemorrhaging sales, the company announced that it has obtained a letter of credit facility, which will provide Sears with additional liquidity to fund its operations…
Changes Affecting Both Fish and Wildlife & Animal And Plant Health Inspection Services
In a recently posted Public Bulletin, the Fish and Wildlife Service advised that as of January 2, 2017, U.S. importers and exporters will have to deal with changes to the Convention on International Trade in Endangered Species (CITES) listings and othe…
RENT THE RUNWAY SECURES $60M FOR ITS BUSINESS OPERATIONS
Things are definitely looking up for Rent the Runway. Just recently, Rent the Runway announced that it got funds worth $60M through the efforts of Fidelity Management and Research Company, in collaboration with investors Technology Crossover Ventures, …
SHOES CAN BOOST RETAIL SALES NOW, SAY EXPERTS
In these uncertain times, shoes are a retailer’s best friend now. According to experts, shoes are now pivotal for a brand’s business growth, given how prices of handbags have increased in recent years. The footwear sector, apparently, is now more accessible. This tidbit comes in at a time when luxury …
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LAST-MINUTE SHOPPING BOOSTS HOLIDAY SALES
Retailers have found a saving grace to what was a slow kickoff of Holiday 2016. Just recently, experts said that an increase in last-minute shoppers and online orders have resulted into sales growth for the season. Research organization Customer Growth…
MALL OF AMERICA’S NEW MULTI-BRAND CONCEPT HIGHLIGHTS STARTUPS AND MORE
While malls are often home to big global mainstream brands, the Mall of America is trying to break that stereotype through Debut, a newly-opened multi-brand retail concept located in the mall’s north wing. Covering 2,500 square feet of retail space, Debut was launched last month in the hopes of providing …
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LUXOTTICA AND RALPH LAUREN RENEW EYEWEAR LICENSE AGREEMENT
Eyewear manufacturer Luxottica Group recently announced that it has renewed its exclusive license agreement with Ralph Lauren Corporation. The two companies said that it is going to be a 10-year agreement extending to March 31, 2027 (though still subje…
PUERTO RICAN FASHION RETAILER NOVUS HEADS STATESIDE
From Puerto Rico, with love—and big business! Puerto Rican shoe and accessories retailer Novus recently announced that it has entered the U.S. market, with plans to open its first U.S. store at the Pembroke Lakes Mall in Miami, Florida. The move comes after the Novus group felt that its prospects …
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